cross-posted from: https://lemmy.ml/post/21841560
this post was submitted on 27 Oct 2024
980 points (98.2% liked)
Late Stage Capitalism
312 readers
240 users here now
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' etc.
founded 2 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I didn't say the forgiveness happened under bush. The program began in 2007. Until Biden took office, there was a 98% denial rate and 7,000 borrowers had completed it. By 2023, that number increased to well over a million, partially by correcting unjustified denials and allowing for the retro-application of qualifying payments. You think there was just a coincidental 14,000% increase in PSLF loans forgiven in Biden's first two years? Or maybe it's related to the $175 Billion in loan forgiveness for the 4.8 Million Americans that received it? Incidentally, PSLF is less than half of the total student-debt burden eased under Biden.
Again, there's a lot to criticize about Biden. Why you all are digging your heels in about something for which, on the whole, he's proactively done a lot about (and with relative succes despite robust opposition), I'm not sure.